Susquehanna Has Lowered Expectations for Advanced Micro Devices (NASDAQ:AMD) Stock Price

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) had its price objective lowered by stock analysts at Susquehanna from $200.00 to $165.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a "positive" rating on the semiconductor manufacturer's stock. Susquehanna's price objective would suggest a potential upside of 40.61% from the stock's previous close.

Several other analysts have also recently issued reports on AMD. Citigroup decreased their price objective on Advanced Micro Devices from $200.00 to $175.00 and set a "buy" rating on the stock in a report on Tuesday, January 21st. HSBC reaffirmed a "reduce" rating and set a $110.00 target price (down previously from $200.00) on shares of Advanced Micro Devices in a research note on Wednesday, January 8th. KeyCorp reduced their target price on shares of Advanced Micro Devices from $220.00 to $150.00 and set an "overweight" rating on the stock in a research report on Tuesday, January 14th. Wolfe Research lowered shares of Advanced Micro Devices from an "outperform" rating to a "peer perform" rating in a report on Thursday, January 16th. Finally, Loop Capital assumed coverage on shares of Advanced Micro Devices in a report on Tuesday, January 14th. They issued a "buy" rating and a $175.00 target price for the company. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $171.86.

Advanced Micro Devices Stock Up 2.8 %

Shares of Advanced Micro Devices stock traded up $3.18 during midday trading on Wednesday, hitting $117.35. The company had a trading volume of 39,165,720 shares, compared to its average volume of 39,320,879. The company has a 50 day moving average of $127.14 and a 200 day moving average of $142.27. Advanced Micro Devices has a 52-week low of $112.80 and a 52-week high of $227.30. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.78 and a current ratio of 2.50. The stock has a market capitalization of $190.44 billion, a P/E ratio of 105.72, a P/E/G ratio of 1.09 and a beta of 1.66.

Advanced Micro Devices (NASDAQ:AMD - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The semiconductor manufacturer reported $0.92 earnings per share for the quarter, hitting the consensus estimate of $0.92. Advanced Micro Devices had a net margin of 7.52% and a return on equity of 6.62%. The business had revenue of $6.82 billion for the quarter, compared to analysts' expectations of $6.71 billion. During the same quarter last year, the company posted $0.53 EPS. The company's revenue was up 17.6% compared to the same quarter last year. On average, equities analysts predict that Advanced Micro Devices will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Advanced Micro Devices

In other Advanced Micro Devices news, EVP Forrest Eugene Norrod sold 40,540 shares of the company's stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $141.67, for a total value of $5,743,301.80. Following the completion of the transaction, the executive vice president now owns 293,347 shares in the company, valued at $41,558,469.49. This represents a 12.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Lisa T. Su sold 76,496 shares of Advanced Micro Devices stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $142.66, for a total transaction of $10,912,919.36. Following the sale, the chief executive officer now directly owns 3,566,762 shares in the company, valued at $508,834,266.92. This trade represents a 2.10 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 197,036 shares of company stock valued at $28,165,821. 0.65% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Advanced Micro Devices

Several institutional investors have recently modified their holdings of AMD. Creative Capital Management Investments LLC increased its stake in shares of Advanced Micro Devices by 124.6% during the third quarter. Creative Capital Management Investments LLC now owns 155 shares of the semiconductor manufacturer's stock valued at $25,000 after acquiring an additional 86 shares during the period. ZRC Wealth Management LLC increased its position in shares of Advanced Micro Devices by 90.4% during the 3rd quarter. ZRC Wealth Management LLC now owns 158 shares of the semiconductor manufacturer's stock valued at $26,000 after purchasing an additional 75 shares during the period. Global Wealth Strategies & Associates bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth $26,000. Retirement Wealth Solutions LLC bought a new stake in shares of Advanced Micro Devices in the 4th quarter worth $32,000. Finally, Compass Financial Services Inc acquired a new stake in shares of Advanced Micro Devices in the fourth quarter valued at $39,000. Institutional investors own 71.34% of the company's stock.

About Advanced Micro Devices

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. It operates through Data Center, Client, Gaming, and Embedded segments. The company offers x86 microprocessors and graphics processing units (GPUs) as an accelerated processing unit, chipsets, data center, and professional GPUs; and embedded processors, and semi-custom system-on-chip (SoC) products, microprocessor and SoC development services and technology, data processing unites, field programmable gate arrays (FPGA), and adaptive SoC products.